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Project Report

An entrepreneur must prepare a project report before proceeding the launch his venture. The feasibility study is basically a prelude to the decision that he would make for initiating the venture. Once the entrepreneur is satisfied with the feasibility of his project, he should take the next step of drafting a Project Report.

Nature of Project Report

A features of a project report are as follows:
• It is basically a business plan.
• It outlines the desired goals.
• It describes all necessary inputs to the enterprise.
• It explains the mode of utilization of the resource.
• It details the strategies for the execution of the project.

Objectives of Project Report

The objectives of preparing the project report are as follows:

(i) To identify the requirement of the resources (technical, financial, commercial, managerial and operational)

(ii) To assess the chances of the success of the enterprise before its actual commencement.